Successful bidders must make a minimum deposit of 25% of respective bid immediately following their successful bid. Failure to do so will result in forfeiture of the bid.

Payment must be in guaranteed funds such as cash, certified check, bank check or money order. No third party instruments will be accepted.

Balance, also in guaranteed funds, due by 12 noon on Friday, April 26th, at the NJ Division of Taxation’s Somerville regional office at 75 Veterans Memorial Drive East Somerville, NJ 08876, or deposit monies will be forfeited.

Make checks payable to: New Jersey Division of Taxation

OTHER CONDITIONS:

This sale may be postponed or cancelled at the discretion of the NJ Division of Taxation.

NJ Division of Taxation employees or any member of the employee’s immediate family may not participate in this public sale.

The NJ Division of Taxation reserves the right to receive or reject bids or bidders.

This liquor license is sold subject to any restriction imposed by the NJ Division of Alcoholic Beverage Control on this license such as those set forth in N.J.A.C. 13:2-24.

The successful bidder for the liquor license must submit a complete “good faith” transfer application to the municipality and pay the fee for the transfer of the license by Wednesday, May 1st, 2013. Failure to do so will result in forfeiture of all monies paid to the NJ Division of Taxation for the license.

The successful bidder for the liquor license must submit a renewal application to the municipality and pay the fee by Wednesday May 1st, 2013. Failure to timely submit a renewal application will result in forfeiture of all monies paid to the NJ Division of Taxation for the license. The NJ Division of Taxation will assist with the renewal process at the request of the municipality. Any monies paid by the NJ Division of Taxation for the renewal of the liquor license will be reimbursed directly to the NJ Division of Taxation by the successful bidder.

If the successful bidder makes proper application for the transfer and renewal of the license, passes the background check conducted by the municipality, follows all guidelines set by the municipality and the municipality denies the application, then the monies paid to the NJ Division of Taxation will be refunded.The NJ Division of Taxation then has the right to go to the next highest bidder or re-auction the license.